Lesson 5 Flashcards
20% of Population, 80% wealth
North
80% of population, 20% of wealth
South
- Third world
- Africa, Latin America, and Asia including Middle East
- Poor and less developed
- 5% of the population has enough food and water
- Serves as a raw material from the north
- ZONE OF TURMOIL
Global South
- First world
- Home of all members of the G8 or Group of Eight – Canada, France, Germany, Italy, Japan,
United Kingdom, Russia and United Sates of America - Home of the four powerful permanent members of UN Security Council
- Developed countries in Asia, Australia and New Zealand
- Richer and developed regions
- 95% of the population has enough food and water
Global North
Term used to describe the economic gap between the rich northern countries of the world and
the south poorer countries of the world.
North-South Gap
Issues of North-South Divide: North-South Divide Issues
- Distribution of income around the world
- Economic competition worldwide
- Standard of living
Factors lead to low of standard of living
- Lack of trade and aid
- Single crop farming
- Abundance of debt
- NeoColonialism
Reasons for development gap:
- ENVIRONMENTAL natural features
e.g. soil - HISTORICAL things which have happen in years before
e.g war - SOCIO – ECONOMIC society, culture and money
e.g religion
- Less population
- High Wealth
- High Standard of living
- High Industrial development
- Industry
North
- Large population
- Low Wealth
- Low Standard of living
- Low Industrial development
- Agriculture
South
Classifying Countries:
Most Developed Countries (MDCs)
Less Developed Countries (LDCs)
Least Developed Countries (LLDCs)
Very low per capital income, low literacy rates, and very little in the way of
manufacturing industries.
Least Developed Countries (LLDCs)
The richest of the industrialized and democratic nations of the world
Most Developed Countries (MDCs)
Countries with little industrial development, little wealth, and high population growth
Less Developed Countries (LDCs)
This places
greater emphasis on closing the evident gap between rich (more economically developed)
countries and poor (less economically developed countries) countries.
Development gap
3 main reasons why our world is so unequal today:
- Colonialism
- Trade
- Debt
Five World Model
First World Order(high)
Second World Order(moderate)
Third World Order(on the way)
Fourth World Order(lower)
Fifth World Order(lowest)
The process by which regional economies, societies, and cultures have become integrated
through a global network of political ideas through communication, transportation, and trade.
Globalization
Three world model
- Capitalist
- Communist
- Developing
Why is the gap between the economic north and south widening?
- The richest 1% of the world’s population now receives as much income as the poorest 57%.
- Lack of trade.
- Lack of aid.
- Abundance of debt
- Failure of international organisations (e.g. IMF, World Bank, WTO).
- Neo-colonialism.
- Adverse climatic conditions.
- The difficulty of transforming the established.
The United Nations has developed a program dedicated to narrowing the divide through its
Millennium Development Goals